Wolverine World Wide (NYSE:WWW) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Wolverine World Wide, Inc. (NYSE:WWW) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.24 and traded as high as $17.88. Wolverine World Wide shares last traded at $17.5920, with a volume of 1,596,881 shares trading hands.

Analysts Set New Price Targets

Several analysts have weighed in on WWW shares. Robert W. Baird lowered their target price on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Needham & Company LLC started coverage on shares of Wolverine World Wide in a research note on Thursday, March 26th. They set a “buy” rating and a $21.00 target price for the company. KeyCorp boosted their target price on shares of Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Zacks Research raised shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Wolverine World Wide presently has an average rating of “Hold” and a consensus target price of $21.75.

Wolverine World Wide Trading Down 0.9%

The company has a market cap of $1.44 billion, a price-to-earnings ratio of 14.19 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89. The firm’s fifty day moving average price is $16.72 and its 200-day moving average price is $17.24.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. The company had revenue of $457.60 million during the quarter, compared to the consensus estimate of $448.44 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, equities analysts expect that Wolverine World Wide, Inc. will post 1.54 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.3%. Wolverine World Wide’s payout ratio is 32.26%.

Insider Activity

In other news, Director Brenda J. Lauderback sold 5,500 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the completion of the transaction, the director owned 54,202 shares of the company’s stock, valued at approximately $860,727.76. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Wolverine World Wide

Several institutional investors have recently bought and sold shares of the stock. Edgestream Partners L.P. acquired a new stake in Wolverine World Wide in the first quarter worth about $935,000. Janus Henderson Group PLC lifted its holdings in Wolverine World Wide by 197.9% in the first quarter. Janus Henderson Group PLC now owns 103,781 shares of the textile maker’s stock worth $1,694,000 after purchasing an additional 68,944 shares during the period. California State Teachers Retirement System lifted its holdings in Wolverine World Wide by 34.7% in the first quarter. California State Teachers Retirement System now owns 104,730 shares of the textile maker’s stock worth $1,709,000 after purchasing an additional 26,993 shares during the period. Quantinno Capital Management LP lifted its holdings in Wolverine World Wide by 6.1% in the first quarter. Quantinno Capital Management LP now owns 68,137 shares of the textile maker’s stock worth $1,112,000 after purchasing an additional 3,894 shares during the period. Finally, Callodine Capital Management LP lifted its holdings in Wolverine World Wide by 27.8% in the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after purchasing an additional 980,839 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc (NYSE: WWW) is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide’s offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.

Key brands in Wolverine World Wide’s portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort‐oriented line; and Keds, a heritage sneaker label.